Business

market movers

Sirius XM Radio stock gains

Sirius XM broadcast James Levine’s return to the Metropolitan Opera in May.

Metropolitan Opera via AP/File 2013

Sirius XM broadcast James Levine’s return to the Metropolitan Opera in May.

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Sirius XM Radio Inc. has enlarged its stock-buyback program by $2 billion, The Wall Street Journal reported, and it plans to buy back $500 million of stock from Liberty Media Corp., a move designed to boost returns for the satellite radio company’s shareholders. Liberty Media expects to continue to own more than 52 percent of Sirius’s shares after the repurchase. Sirius XM says it is the world’s largest radio broadcaster, measured by revenue; it has about 25 million subscribers.

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